News Update

CBIC amends tariff value of silver; No change for other commoditiesHigh Level Official Delegation from Mauritius visits National Centre for Good GovernanceGovt hikes Minimum Wages vide enhanced VDA for unorganised workersTRAI mandates whitelisted URLs, APKS, or OTT links for SMS TrafficGST - Rule 86A is not a machinery provision for recovery of tax - Order can be passed only if ITC is available in the taxpayer's ECL - No negative blocking: HCFrance backs India’s membership to Security CouncilGST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HCJaishankar calls for reforms of WTO, G20 & UNGST - Goods were purchased from SAIL by a third party who sold to petitioner and who subsequently re-sold to consignee - No justification for detention on ground that correct documents were not travelling with truck: HCFamily of 5 found dead in car in TN; Suicide suspectedAlternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economyCus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HCBombay HC quashes govt clearance given after construction in Coastal areaPrevent misuse of s.114AA of Customs ActBrazil keen to ink trade deal with EUGST - Existence or otherwise of principal place of business - A taxpayer's registration cannot be cancelled solely on the basis of some general queries/enquiries from random persons, of which there is no record: HCHarris promises tax credit and investments to US manufacturersCBIC notifies HAG benefits to 22 IRS officersNukes may deflect asteroid threatening earth: ScientistsAfter Iranian death threat, Trump says Iran should be torn into piecesIndia, Australia working to strengthen ECTA through CECA: GoyalUS Intel suggests Russia has secret war drones factory in ChinaSurvey reveals 31% Indians now use e-com platforms for ordering groceryIndia's coal imports see marginal increase amid surge in Power Generation
 
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Bangalore, March 18, 2014
Service Tax - Infosys wins Rs 160 Crores case in CESTAT
 
Mumbai, March 18, 2014
Income tax - Whether when assessee fails to prove that its income was below taxable threshold, AO can make estimation on basis of average of income declared in preceding and in succeeding AYs - YES: ITAT
 
Mumbai, March 18, 2014
CX - Exemption - Notfn 12/2012 - Since in Annexure to Project Authority certificate, appellant's name figures as sub-contractor, condition that goods should be supplied against ICB procedure is clearly satisfied: CESTAT
 
Mumbai, March 17, 2014
Withdrawal of pre-2005 banknotes only because of fewer security features; exchange to be done till Jan, 2015: RBI
 
New York, March 17, 2014
Child-trafficking on the rise: UN Expert
 
Rome, March 16, 2014
FAO Study reveals rise in incidents of genetically modified crops in traded food
 
Geneva, March 15, 2014
WIPO received record 2 lakh applications last year; USA, China lead in intellectual property filings
 
Vienna, March 15, 2014
World Community needs to do more to tackle drug problem: UN Review
 
New Delhi, March 14, 2014
Service Tax - Construction of residential complex - No tax payable by builder prior to 1.7.2010 - Entitled for refund of Service Tax paid - Unjust enrichment not applicable: CESTAT
 
Mumbai, March 14, 2014
ST - Bus reservation charges is for conduct of tours and, therefore, it rightly forms part of tour operator services – demand upheld, however, penalty is not leviable: CESTAT
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.